Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by Ossiam

Posted by Defense World Staff on Sep 10th, 2023

Ossiam boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 426.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 34,208 shares of the business services provider’s stock after acquiring an additional 27,712 shares during the quarter. Ossiam’s holdings in Verisk Analytics were worth $6,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Verisk Analytics by 0.9% in the 1st quarter. FMR LLC now owns 4,166,007 shares of the business services provider’s stock valued at $799,290,000 after buying an additional 36,497 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Verisk Analytics by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 3,771,337 shares of the business services provider’s stock valued at $664,308,000 after buying an additional 97,123 shares during the period. Morgan Stanley lifted its holdings in shares of Verisk Analytics by 248.2% in the 4th quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock valued at $664,346,000 after buying an additional 2,684,234 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Verisk Analytics by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,182,442 shares of the business services provider’s stock valued at $561,447,000 after buying an additional 35,605 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of Verisk Analytics by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,005,824 shares of the business services provider’s stock valued at $576,698,000 after buying an additional 220,616 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Transactions at Verisk Analytics

In other news, Director Therese M. Vaughan sold 6,500 shares of Verisk Analytics stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $232.45, for a total transaction of $1,510,925.00. Following the sale, the director now owns 20,679 shares in the company, valued at $4,806,833.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicholas Daffan sold 1,532 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $235.12, for a total value of $360,203.84. Following the transaction, the insider now owns 42,371 shares in the company, valued at approximately $9,962,269.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Therese M. Vaughan sold 6,500 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $232.45, for a total value of $1,510,925.00. Following the completion of the transaction, the director now owns 20,679 shares in the company, valued at approximately $4,806,833.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,682 shares of company stock worth $4,085,894. Corporate insiders own 1.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VRSK shares. StockNews.com initiated coverage on Verisk Analytics in a report on Thursday, August 17th. They issued a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of Verisk Analytics in a research note on Thursday, August 3rd. Raymond James upped their price target on Verisk Analytics from $225.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Truist Financial upped their price target on Verisk Analytics from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price target on Verisk Analytics from $229.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Verisk Analytics has a consensus rating of “Moderate Buy” and a consensus target price of $236.31.

Get Our Latest Research Report on VRSK

Verisk Analytics Trading Down 0.3 %

VRSK opened at $244.38 on Friday. Verisk Analytics, Inc. has a 52 week low of $162.94 and a 52 week high of $246.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 9.29. The firm has a market cap of $35.38 billion, a P/E ratio of 73.83, a P/E/G ratio of 3.98 and a beta of 0.83. The business has a fifty day simple moving average of $233.26 and a 200-day simple moving average of $212.70.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.11. Verisk Analytics had a return on equity of 83.76% and a net margin of 18.64%. The company had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $653.13 million. On average, equities analysts expect that Verisk Analytics, Inc. will post 5.71 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, September 14th. Verisk Analytics’s dividend payout ratio (DPR) is currently 41.09%.

Verisk Analytics Company Profile

(Free Report)

Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.